Understanding and Preventing Misuse of Company Assets

The video discusses the misuse of company assets, such as cars and credit cards, emphasizing the importance of having clear policies to prevent such actions. It highlights how misuse can lead to financial losses and become habitual if not addressed. The need for transparency and accountability in business operations is stressed to avoid gray areas and potential theft.

What is a potential consequence of using a company car without permission?

• Improved company reputation

• Increased fuel efficiency

• Higher insurance premiums

• Personal liability in case of an accident

Why is it important to have a clear policy regarding the use of company cars?

• To prevent unauthorized use and potential liabilities

• To reduce the number of employees

• To increase the resale value of the car

• To ensure the car is always clean

What is considered theft in the context of company promotional items?

• Distributing items at a company event

• Using items for marketing purposes

• Taking items for personal use

• Returning items to the supplier

What behavior can lead to misappropriation of company funds?

• Using company credit cards for personal expenses

• Attending business meetings

• Submitting accurate expense reports

• Following company policies

What is a long-term effect of not addressing misuse of company resources?

• Enhanced company culture

• Increased employee satisfaction

• Improved company profits

• Habitual misuse and financial losses